Blog

Way back in 2014, I wrote an article for the Wall Street Journal making the case that the fracking boom had legs. I pointed out that the fracks jobs were getting bigger — more water and more sand — and the output was increasing.

To prove my point, I went back and compared the top oil & gas wells drilled and fracked in 2003 and 2013.

Bigger wells.

The top performing 2013 well? It was drilled by EOG Resources (of course) down in the Eagle Ford formation in South Texas. It clocked in at 2,748 barrels a day for the initial production.

That’s looking a little run-of-the-mill these days.

Earlier this week, EOG reported it has tested (30 days production) four wells in the Permian Basin with an average flow of 3,510 barrels a day. That’s an average flow across four wells. Add in the natural gas liquids and you’re over 4,000 barrels a day. The wells are called the Whirling Wind 14 Fed Com #701H-#704H and are out in Lea County, New Mexico, the southeast corner of the state.

Granted, these aren’t the gushers of old. But they are repeatable. And that’s why the fracking revolution still has room to run.